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Iger View Games would like to invest in a division to develop software for a soon-to-be-released video game console. To evaluate this decision, the firm

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Iger View Games would like to invest in a division to develop software for a soon-to-be-released video game console. To evaluate this decision, the firm first attempts to project the earnings and working capital needs for this operation. Its chief financial officer has developed the following estimates (in millions of dollars): Year Revenues Costs Depreciation EBIT Taxes Earnings 2018 $38.0 -$24.9 -$2.7 $10.4 -$4.7 $5.7 2019 $69.0 -$43.3 -$2.7 $23.0 -$7.6 $15.4 2020 $52.4 -$34.8 -$2.7 $14.9 -$6.5 $8.4 Year Inventories Accounts receivable Accounts payable 2018 $0.6 $0.5 S0.7 2019 $2.6 $1.2 $1.8 2020 $1.1 S2.8 $1.3 million (Round to one decimal place.) Compute networking capital in 2018: $ 22.2 Your last answer was interpreted as follows: 22.2 million (Round to one decimal place.) Compute the change in net working capital from 2018 to 2019: $ 55.8 Your last answer was interpreted as follows: 55.8 million (Round to one decimal place.) What is the expected free cash flow from the division in 20192 $

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